Arizona Announces $8 Million Deposit to the Housing Trust Fund

State of Arizona Office of the Governor

Governor Doug Ducey announced Friday a transfer of $8 million from the Arizona Industrial Development Authority’s Fiscal Year 2021 single family mortgage balance to the Arizona Department of Housing. The funds will go directly into the Arizona Housing Trust Fund, pursuant to state law. “I am pleased to see that we have added more resources to the Housing Trust Fund, which … [More]

Equality Health Launches Partnership with Devoted Health

inbusinessPHX.com

Equality Health, a whole-health delivery system that aims to improve access to value-based care, is now working with Devoted Health, one of the fastest-growing Medicare Advantage plans in the United States. “We want to empower patients with knowledge to achieve their healthcare goals in order to live healthy lives and prevent disease,” said Lisa Stevens Anderson, … [More]

CrossFirst Bank Enters Fast-Growing Phoenix Market

CrossFit Bank

CrossFirst Bankshares, Inc., the bank holding company for CrossFirst Bank, announced today that it has plans to enter the Phoenix, Arizona market and has named Kevin Halloran as Phoenix Market President. “As we looked to expand outside our traditional CrossFirst footprint, we believe Phoenix is a great opportunity given the region’s favorable demographics, strong population, … [More]

Arizona Foundation for Women Graduates Inaugural SHE Leads!™ Class of 2021

Arizona Foundation for Women

Arizona Foundation for Women (AFW), a not-for-profit agency that advocates for women’s causes in Arizona, graduated 29 Arizona women from SHE Leads!™, a women’s-centric leadership program dedicated to advancing women in the workplace. Throughout the past six months, SHE Leads!™ participants raised over $68,000 for non-profits focused on helping Arizona women. The cohort is … [More]

Report: More Degrees Awarded in 2020, Arizona Continues to Lag Nation in Educational Attainment

Arizona Board of Regents

Arizona’s public universities produced more degrees in 2020 than at any other time in the state’s history. In fiscal year 2020, Arizona public university graduates earned 47,531 total degrees, a 29 percent increase over the last five years. Detailed in the new Arizona Board of Regents Fiscal Year 2020 College Completion Report are degree trends, documenting the contribution … [More]

D-Backs Debut New ‘City Connect’ Series Jersey

inbusinessPHX.com

The Arizona Diamondbacks unveiled their Nike MLB City Connect Series uniforms, designed in collaboration with Nike to highlight the franchise’s desert roots, the state’s Hispanic culture and the bond between the team and its fans. The D-backs will first wear the Serpientes uniform this Friday, June 18, and will also wear the uniforms at various points throughout the season, … [More]

More than 2.3M Additional Economic Impact Payments Disbursed under the American Rescue Plan, Total Payments Top 169M

Internal Revenue Service

The Internal Revenue Service, the U.S. Department of the Treasury, and the Bureau of the Fiscal Service announced today they have disbursed more than 2.3 million additional Economic Impact Payments under the American Rescue Plan. Today's announcement covering the most recent two weeks of the effort brings the total disbursed so far to more than 169 million … [More]

Title Co. Embraces Commitment to Community and Employees during COVID-19 Pandemic

Clear Title Agency of Arizona

Clear Title Agency of Arizona, a leader in commercial and residential title and escrow services, distinguished itself during the height of the COVID-19 pandemic by promoting and providing protective measures for its clients and its employees. At the same time, Clear Title continued its commitment to community support despite a pandemic that affected every spectrum of the … [More]

Chicago-Based Real Estate Investment Firm Makes Initial Acquisition in the Phoenix Market

SVN Desert Commercial Advisors

SVN Desert Commercial Advisors completed the sale of an approximately 1.61 acre lot in downtown Phoenix at the northeast corner of 1st St. and Portland St within Roosevelt Row. The property was acquired from Arizona Moreland Developments, LLC, for $7,750,000 by First and Portland LLC, an entity formed by JRG Capital Partners. JRG, a Chicago-based real estate investment and … [More]

Phoenix Children’s Homeless Youth Outreach Program Marks 20th Anniversary with New Crews’n Healthmobile

inbusinessPHX.com

A new Crews’n Healthmobile will soon roll through the Valley to serve the city’s most vulnerable children. A mainstay of Phoenix Children’s Homeless Youth Outreach program, the new “doctor’s office on wheels” will deliver integrated medical and behavioral health services directly to youth experiencing homeless across greater Phoenix. The 38-foot Crews’n Healthmobile, one … [More]

Joint Venture to Complete Development on Award-Winning Master Plan in Phoenix Area

inbusinessPHX.com

IHP Capital Partners, one of the nation's leading real estate investment firms, and Värde Partners, a leading global alternative investment firm, today announced that they have formed a joint venture (JV) to acquire the remaining 3,721 acres of land for development within Vistancia, a 7,100-acre mature master-planned community in Peoria, Ariz. The transaction includes all 3,300 … [More]

Aspen Dental Opens Newest Practice in Scottsdale

Aspen Dental

Aspen Dental has officially opened its doors in Scottsdale, Arizona with the opening of a brand-new office, bringing two renowned dentists to the community. This is the 17th Aspen Dental practice in the state of Arizona, as Aspen Dental continues to break down barriers and bring comprehensive, affordable care to patients across the country. Located at 8909 E. Talking Stick … [More]

Construction Technology Startup Mosaic Hits Homebuilding Milestone

Mosaic

The demand for new housing continues at record-breaking levels throughout the fast-growing state of Arizona. In addressing this demand, Phoenix-based construction technology company Mosaic, and its building partner Mandalay Homes, have hit a new milestone, with the construction of more than 315 homes for Arizona families, but this is just the start. Over the last 12 months, … [More]

Expansive New Scottsdale Hangar and Office Building Complex Breaks Ground

JE Dunn

JE Dunn Construction and Ross Aviation announce breaking ground on an expansive new hangar and office building at Scottsdale Municipal Airport (SDL) last week. The new facility will further complement Ross Aviation’s already dominant presence at SDL, which is one of the company’s most active year-round locations. The 56,000 square foot hangar, along with two 3,000 square … [More]

Block 23 in Downtown Phoenix Celebrates Big Wins

inbusinessPHX.com

RED Development is welcoming two new tenants to Block 23 in Downtown Phoenix — CVO Holding Company, an industry-leading transportation technology provider, along with Western Alliance Bank as it expands its downtown presence, in what marks the completion of one of the largest Phoenix-metro leases since the onset of the pandemic. CVO moved its Phoenix headquarters and 200 of … [More]

BBB Announces Finalists for 2021 Torch Awards for Ethics

BBB Serving the Pacific Southwest

Better Business Bureau Serving the Pacific Southwest (BBB) proudly announces 22 Greater Arizona companies as finalists for the 2021 BBB Torch Awards for Ethics. The event is sponsored by Desert Financial Credit Union and raises awareness in marketplace ethics and recognizes businesses that operate with the highest levels of integrity. BBB Torch Awards for Ethics is one of … [More]

ASU Outpaces Ambitious Graduation Goals as Part of National Coalition of Innovative Universities

Arizona State University

The University Innovation Alliance (UIA), a national consortium of innovative public research universities working to improve student success, announced that it has exceeded the graduation targets set during President Barack Obama’s College Opportunity Summit. Arizona State University is a founding member of the UIA, which launched in 2014. At its launch, the UIA … [More]

Valley Groups to Address Regional Homelessness

Maricopa Association of Governments

Homelessness continues to increase throughout our region at a rate faster than anywhere in the nation. The most recent count of people experiencing homelessness in 2020 found more than 7,000 people in the Maricopa region living in shelters or on the street, and that people are at risk of homelessness in every community in the region. Now, local governments and other … [More]

New Multifamily Community in Tempe Sells for $96M

Cushman & Wakefield

Cushman & Wakefield announced the firm has brokered the sale of Broadstone Rio Salado, a 276-unit Class A apartment community located at 2325 E Rio Salado Parkway in Tempe, Arizona. The newly developed asset was acquired by an entity formed by Los Angeles-based Decron Properties for $96 million. The seller and original project developer was Phoenix-based Alliance … [More]

CRE Healthcare Team Closes on Trio of West Valley Medical Office Buildings Totaling $32.85M

Kidder Mathews

The Phoenix Kidder Mathews healthcare team continues to capitalize on the robust medical office building market in the West Valley, representing the sellers in the disposition of three assets in the second quarter of 2021 totaling $32.85 million. Kidder Mathews sold the properties within six weeks of each other after getting them each to, at least, 97 percent occupancy. Two … [More]

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